News for hackers. Stuff that matters.

A comment on Why America will soon see a wave of bank mergers. Parent comment

Re:Why America will soon see a wave of bank mergers by bombcar on Tuesday May 02, 2023 @02:26PM (#35792059)
You can't. Banks can.

https://www.newyorkfed.org/markets/reference-rates/obfr and things like that.

[ Parent | on HN ]
Re:Why America will soon see a wave of bank mergers by JumpCrisscross on Tuesday May 02, 2023 @02:59PM (#35792493)
The OBFR is the rate banks pay to borrow reserves from each other. You’re thinking of interest on reserves (IORB) [1], which is interest the Fed pays to interfere in that market.

[1] https://www.federalreserve.gov/monetarypolicy/reserve-balanc...

[ Parent | on HN ]